Latest report on Ginseng Extracts Market Share with growing CAGR of 6.2% by 2027

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The global Ginseng Extracts market size is expected to be worth around US$ 40.0 million by 2027, according to a new report by Vision Research Reports.

The global Ginseng Extracts market size was valued at US$ 24.4 million in 2019 and is anticipated to grow at a CAGR of 6.2% during forecast period 2020 to 2027.

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Ginseng Extracts Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 – 2027 – Breakdown Data by Regions, Type, Manufacturers and Applications

Growth Factors

The increasing importance of an active lifestyle, which is establishing a positive outlook for the  market along with rising awareness regarding plant extracts and herbs benefits is likely to play a crucial role in promoting the use of ginseng extract products.

These products help in strengthening the immune system, tackling fatigue, brain function enhancement, and lowering blood sugar, which is likely to propel the demand for ginseng extracts in medicinal applications. Rising awareness and adoption of biologically-derived ingredients in the pharmaceutical industry is one of the key factors for market expansion.

The food and beverage industry players are continuously in seek of natural ingredients, owing to the rapid growth of the healthy foods segment, which is likely to open new market avenues for ginseng extracts. Furthermore, optimum marketing strategies implemented by the end-users to highlight the benefits of ginseng for human health are expected to support industry growth.

Report Highlights

The powder form segment accounted for the largest revenue share of 52.1% in 2019 and is expected to witness significant growth in the forecast period as they are convenient to handle in the form of food and are highly preservable. Moreover, powder forms of products increase the shelf life on account of low water content and exhibit a high degree of preservability.

Based on the application, the market is categorized into cosmetic and personal care, pharmaceutical, food and beverage, and  The pharmaceutical segment accounted for the largest revenue share of 54.3% in 2019 on account of the nutritional and medicinal benefits of ginseng extract. It helps in the treatment of coma, gastrointestinal disease, and cardiovascular disease. Furthermore, it plays a vital role in physiological processes, such as neurodegenerative disorders, immunological diseases, diabetic disorders, and several heart diseases.

Additionally, it has a favorable impact on liver function, brain function, sexual, and immune function. Since the use of conventional Chinese herbs for dietary and medicinal purposes is becoming increasingly popular in Western countries, ginseng extract is anticipated to grow as one of the best-selling herbs across the globe.

The Asia Pacific accounted for the largest revenue share of 67.2% in 2019 on account of rapid utilization in food product manufacturing that has witnessed the highest growth than others. Changing consumer preferences towards natural food products due to side effects caused by human-made additives is another factor fueling market growth in the region.

As per the industry trends and analysis, broadening market opportunities for ginseng extracts are primarily owing to growing health foods industry demand in North America and the Asia Pacific. The food industry is projected to witness increased demand on account of rising awareness regarding nutritional diet and increasing consumer purchasing power.

Key Players

  • Shanti Natural
  • RFI ingredient
  • Orkla Health
  • KGEC
  • Herbal Bioactives
  • Hangzhou Skyherb
  • Nino Biotech
  • Sinochem Pharmaceutical
  • Liuyang Naturalin Bio
  • Clariant
  • Changsha Huir Biological-Tech
  • Baoji Herbest Bio-Tech
  • Koei Kogyo

Market Segmentation

  • Form Outlook
    • Powder
    • Liquid
  • Application Outlook
    • Cosmetics & Personal Care
    • Pharmaceuticals
    • Dietary Supplements
    • Food & Beverages
  • Regional Outlook 
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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